Description
$800 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 1 year
$
(b) 2 years
$
(c) 10 years
$
$
(b) 2 years
$
(c) 10 years
$
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Explanation & Answer
c) should be 1415.90
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